Price has reversed and is now in an uptrend. Currently in an abcde correction and waiting for the next impulse leg.
In the meantime, will be looking to take a short for the e wave.
Price is in a 5 wave uptrend. Wave 4 typically has an abcde correction which we are seeing now. Will look for buys at 1680 region
See chart for info
Watch 382 and 50 fib for rejection
Price approaching the retest area and fib.
See chart for info.
Setting up for a high probability short with loads of confluences. See chart for info
Last time there was a MACD Divergence, we saw a 650 pip rally.
Similar thing is happening now. Price currently making an ending diagonal
See chart for info. Will await retest of levels before entering
Watch price to restest any of those 2 areas correctively and then enter the trade.
GOLD will follow closely
2 scenarios. Awaiting retest before taking any trades
Here's another view for a short
Price approaching area of interest. Watch for bearish price action for shorts
Watch for break of ascending correction, ideally around 618 level and then short.
See chart for entry
See chart for entry and TP.
Watch for retest of the 2 areas shown.
Stoploss above retracement leg.
DXY UP = Bearish XXXUSD + Bullish USDXX
DXY DOWN = Bullish XXXUSD + Bearish USDXXX
Price broke descending trendline and structure with an impulse. Await retracement to finish and retest the broken structure.
Enter on retest.
Stoploss below completed retracement low
TP next structure levels
See chart for entry.
Entry 1: stop loss above pattern
Entry 2: Stoploss above retest level